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STATSCORE’s Betting Industry Review 30/10/2023

“Brazil sets up new betting market regulations, sports Fans remain loyal to X (ex-Twitter), and the upcoming NBA TV deal could revolutionize media rights. Get the latest market updates from STATSCORE’s Weekly Review!

Brazil unveils new regulations for betting market

Brazil is making substantial progress in the establishment of its federal online gambling marketplace. The Ministry of Finance has just released Ordinance No. 1330, offering a set of guidelines for businesses operating within this sector.

As disclosed in the Ministry’s official gazette, all prospective market entrants must declare their intentions within a 30-day window, a move designed to streamline the government’s authorization procedures. Read more

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X may see user exodus, but sports fans still loyal

Ever since Elon Musk acquired Twitter last year, a considerable number of users have left the platform, driven away by a series of controversial changes being made. However, sports fans still find X indispensable for its fresh sports insights.

The platform is still seen as a key source of real-time updates and passionate opinions on coaching choices and umpire rulings. Read more

Upcoming NBA TV deal could redefine media rights

The existing contract, brokered in 2014 and implemented during the 2016-17 season, is set to conclude after the 2024-25 season, and the upcoming negotiations arrive against a backdrop of major changes in the sports media landscape.

These include the rise of streaming video, premium sports’ continued dominance in linear television ratings, major media companies seeking cost reductions, and the financial instability of the Diamond Sports Group. Read more

NFL sets sights on Spain, Brazil, and Australia for international growth

According to NFL Executive Vice President Peter O’Reilly in a conversation with ESPN’s Adam Schefter, the league is actively considering the prospect of hosting regular-season games in Madrid, Rio de Janeiro, and Sao Paulo, with a potential start date of the 2024-25 season.

The NFL’s quest for global expansion has become a significant focus for the league, as it seeks new revenue sources. While American football reigns supreme in terms of ratings and market share within the US, establishing a lasting presence beyond North America has proven to be a longstanding challenge. Read more

Newcastle’s Sandro Tonali faces 10-month football ban for betting violation

Sandro Tonali has confessed to placing bets on AC Milan matches while playing for the Serie A club.

The Italy international midfielder, who signed with Newcastle for £55 million this summer, will be ineligible for play until August 2024 due to the imposed 10-month ban from football. Read more

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